野村研究报告指，预期贝壳(02423.HK) (BEKE.US) 次季经调整盈利将按年下降29%至19.1亿元人民币，略高于市场预期的17.9亿元人民币；预期第三季盈利按年增长1%、但按季跌5%至18.1亿元人民币，低于市场共识。
正面而言，该行认为贝壳将在次季起至下半年采取更审慎的成本管理，可支持公司今年剩余时间的利润率，带动该行全年经调整盈利预测达73亿元人民币。该行认为短期股价催化剂有限，但基于公司在内地房产中介业的领导地位，维持“买入”评级，美股目标价由25.9美元降至25.1美元。
该行又认为，贝壳未来几季房地产开发业务的现金流将更趋自给自足，并预期该业务的销售进程与盈利能力将更趋明朗，有助缓解市场对于公司重资产投资拖累回报的疑虑。(ss/u)(港股报价延迟最少十五分钟。沽空资料截至 2025-07-28 16:25。) (美股为即时串流报价； OTC市场股票除外，资料延迟最少15分钟。)
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